Faris Lee Investments Brokers $32 Million Sale of Retail Portfolio

Kenwood, Ohio – The portfolio includes Kenwood Pavilion and Kenwood City Place, which are located across the street from each other.

A joint venture between Jeffrey R Anderson Real Estate and P&P RE LLC has sold Kenwood Pavilion and Kenwood City Place in the Cincinnati suburb of Kenwood, Ohio.Kenwood, Ohio – Faris Lee Investments has arranged the $32 million sale of two fully occupied retail centers in Kenwood, an affluent suburb of Cincinnati. The properties, which are located across the street from each other, include Kenwood Pavilion and Kenwood City Place. Donald MacLellan, Richard Chichester, Chris DePierro and Tom Chichester of Faris Lee Investments represented the seller, a joint venture between Cincinnati-based Jeffrey R Anderson Real Estate and Kentucky-based P&P RE LLC. The team also represented the buyer, Colorado-based GDA Real Estate Services LLC, who purchased the portfolio in a 1031 tax-deferred exchange.

Much of the spotlight surrounding in-demand tenants at today's shopping centers is focused on food and beverage and entertainment users.
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